FRANKFURT (MNI) – The European Central Bank said Wednesday that it
will launch a 7-day liquidity providing operation to ease pressures in
the short-term U.S. dollar funding markets.
The operation is carried out at a fixed rate of 1.23% with the
central bank planing to satisfy all bids received against eligible
collateral. The minimum bid is $5 million. The Euro/USD rate is set at
1.2286.
Bids for today’s operation are due by 7:45 GMT today. Tender
results will be announced at 09:00 GMT.
–Frankfurt Bureau tel.: +49-69-720 142, email: frankfurt@marketnews.com
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